Southern African Development Community Free Trade Agreement Impact on South Africa Stock Returns

Global Journal of Business Research, Vol. 8 (1) pp. 57-63, 2014

8 Pages Posted: 2 Feb 2014

Date Written: 2014

Abstract

This paper examines the impact of the Southern African Development Community free trade agreement on the stock returns on South Africa Stock returns. The free trade area was officially implemented on August 18th 2008. The available literature shows that free trade areas create positive returns for investors. In this study, the author examined daily data and used an OLS regression. The Event Window covered 90 days. The results showed that the free trade area had a positive impact on the stock returns in South Africa.

Keywords: South Africa, Event Studies, Free Trade Agreement

JEL Classification: F13, F15, F36

Suggested Citation

Nezerwe, Yvan, Southern African Development Community Free Trade Agreement Impact on South Africa Stock Returns (2014). Global Journal of Business Research, Vol. 8 (1) pp. 57-63, 2014. Available at SSRN: https://ssrn.com/abstract=2323028

Yvan Nezerwe (Contact Author)

University of Phoenix ( email )

10004 Park Meadows Drive
Phoenix, AZ 85034
United States

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